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GFP Real Estate’s 675 6th Ave.
News

This Week’s N.Y. Deal Sheet

... space when it moves in 2025, The Wall Street Journal reported. It is vacating ... combined 38K SF at the developers' 120 Fifth Ave. project in Park Slope, according ... their 19-story Midtown tower, 590 Fifth Ave., Commercial Observer reported. Signature Bank is ...

Aug 23, 2022
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Retailers See Sliding Property Prices As Chance To Control Their Destiny
News

Retailers See Sliding Property Prices As Chance To Control Their Destiny

... was the buyer, with company President Peter Kriemler telling The Wall Street Journal traffic would pick up once the coronavirus is ... for Japanese food company Minamoto Kitchoan’s purchase of 604 Fifth Ave. for $45M from The Riese Organization. The company, ...

Apr 28, 2021
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FDIC To Increase Scrutiny Of Banks' CRE Loans
News

FDIC To Increase Scrutiny Of Banks' CRE Loans

... started to watch for any weak points in the industry. Fifth Third Bank executives elevated its reserves in its commercial real ... and second quarters, according to Trepp data reported by The Wall Street Journal.

Aug 05, 2022
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'Rapid Repricing': Higher Interest Rates Slow CRE Deals, But Many Investors Won't Be Deterred
News

'Rapid Repricing': Higher Interest Rates Slow CRE Deals, But Many Investors Won't Be Deterred

... example, recently backed out of an agreement to buy 452 Fifth Ave., an office tower in Midtown Manhattan, for $855M. The ... rate environment made the deal untenable for the investor, The Wall Street Journal reported, citing an anonymous source. Deal volume ...

Jun 13, 2022
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CRE Sales Decline For The First Time In More Than A Year
News

CRE Sales Decline For The First Time In More Than A Year

... , according to MSCI Real Assets data, as reported by The Wall Street Journal. Property sales for the month totaled $39.4B ... Property Group’s attempt to buy HSBC Tower at 452 Fifth Ave. reportedly fell through because of interest rates, with the ...

Jun 07, 2022
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Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls
News

Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls

... and Bloomingdale’s outlets, per a new report by The Wall Street Journal. Sales at these stores outperformed company expectations in ... stores range from 22K-58K SF, which is about a fifth of the size of the traditional department store, per the ...

May 03, 2022
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Retail Owner Files Suit In Attempt To Maintain Control Of SoHo Space
News

Retail Owner Files Suit In Attempt To Maintain Control Of SoHo Space

... lenders at retail sites at 63 Spring St. and 23 Wall St., per TRD. He is not the only owner facing ... Acquisition Corp. is facing foreclosure on a retail space on Fifth Avenue in Harlem, while Vornado last year took a multimillion ...

Apr 11, 2022
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Hudson’s Bay, Private Equity Investor To Compete For Kohl’s At $9B Valuation
News

Hudson’s Bay, Private Equity Investor To Compete For Kohl’s At $9B Valuation

... , with each bid valuing the retailer at about $9B, The Wall Street Journal reports. Earlier this month, Kohl's said it ... owned by holding company HBC, which also owns the Saks Fifth Avenue and Saks Off 5th brands.

Mar 17, 2022
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100 Years After Tulsa Massacre, Black Property Investment Has Never Recovered
News

100 Years After Tulsa Massacre, Black Property Investment Has Never Recovered

... made little progress toward rebuilding a new Black Wall Street, where the descendants of slaves can ... , he said. Beyond creating a new Black Wall Street, the original should have more pathways for ... should be Black property ownership on Fifth Avenue as well.”

Feb 01, 2021
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888 Seventh Ave.
News

This Week's N.Y. Deal Sheet

... ,300 SF of retail space at 711 Fifth Ave. for $5M per year, one-fifth of the price of the sublandlord's ... loss in the second quarter amid the coronavirus pandemic, the Wall Street Journal reported at the time. Now it will start ...

Nov 17, 2020
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